It has started:
Some Amino Acids are up 10% or more in the last few days.
On August 21st Feed Info reported Korean Lysine producer CJ was implementing a 15% increase. We saw that price increase reflected last week.
On Friday September 11th CJ was reported as having increased Tryptophan.
Yesterday,September 15th
ADM announced a 10% increase on Lysine.
Glowlit Insights reported an 18% increase on spot pricing for
purchasers of L-Threonine.
Several factors are driving increases, these are a few:
1) Shipping container costs; doubled, tripled or more.
2) Weather; hurricanes and torrential rains.
3) West coast fires.
These factors along with planned shut downs for maintenance seem to indicate now is a good time to take advantage of lower pricing where you can find it.
